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Remove Name Field in the 12 Month Income Statement

Remove Name Field in the 12 Month Income Statement

Aug 6th, 2022

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How to Remove Name Field in the 12 Month Income Statement

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The standard income 12-period report in Sage 50, included in financial statements, provides a monthly breakdown of the current fiscal year from period 1 to period 12. This report cannot be run for a custom date range or for closed years through standard options. However, to enable this functionality, you can save the report with a new name, transforming it into a custom financial statement. By clicking the save button and naming the report (e.g., "My Income 12 Period"), it updates the report name and adds it to the list of available custom reports, allowing greater flexibility in viewing financial data.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Which item would not be found on an income statement?

Answer and Explanation: (b) Dividends would not be found on an income statement. An income statement shows all the revenues and expenses of a company for a period of time, typically for a year.

What are the 3 names for income statement?

There are many different names for an income statement, including a profit and loss statement, PL, statement of earnings, or statement of operations.

How do you break down an income statement?

Your income statement follows a linear path, from top line to bottom line. Think of the top line as a rough draft of the money youve madeyour total revenue, before taking into account any expensesand your bottom line as a final draftthe profit you earned after taking account of all expenses.

What is a financial statement name?

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders equity.

What is a 12-month income statement?

Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A companys trailing 12 months represents its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.

How do you label an income statement?

At the top of the document, write the name of the company. On the line directly beneath the company name, write Income Statement. On the next line, write the period of time that the income statement covers.

What is the statement name on an income statement?

The income statement is also known as a profit and loss statement, statement of operation, statement of financial result or income, or earnings statement.

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